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CPI Report to be Announced on August 14th ??

Possible Effects for Bitcoin
Consumer Price Index reports measure the general inflation level of an economy. These reports often play an important role in central banks' monetary policy determination.

Cryptocurrencies like Bitcoin are seen as a store of value against inflation.

Possible effects of CPI reports on Bitcoin

High Inflation
If CPI reports show high inflation, investors may turn to alternative investment vehicles such as Bitcoin to protect their assets. This may increase the demand for Bitcoin and increase its price.

Low Inflation
If CPI reports show low inflation, central banks may try to stimulate the economy by easing monetary policies. This may increase the attractiveness of traditional investment vehicles, reducing the demand for Bitcoin and lowering its price.

Central Bank Policies
CPI reports affect central banks' interest rate decisions. An increase in interest rates may reduce the attractiveness of risky assets such as Bitcoin, while a decrease in interest rates may increase the demand for Bitcoin.

The Value of the Dollar
CPI reports can also affect the value of the dollar. A weaker dollar can increase demand for non-dollar assets like Bitcoin, which can increase its price.

In summary,
CPI reports can trigger many factors that can affect the prices of cryptocurrencies like Bitcoin. However, Bitcoin's price depends not only on macroeconomic indicators, but also on many different factors such as market psychology, regulatory frameworks, and technological developments.

Note: This information is a general assessment and should not be considered investment advice. You should definitely do your own research before investing.

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What Binance CEO Thinks About Bitcoin and Altcoins: Here is the Critical Statement!

Richard Teng, CEO of Binance, the world's largest cryptocurrency exchange, Bitcoin
He talked about (BTC) and altcoins.

CEO Richard Teng took a closer look at the cryptocurrency market in his Twitter (X) post on July 9. Stating that the net inflow to US-based spot Bitcoin ETFs reached 14.7 billion dollars in just 6 months, Teng pointed out the increasing interest.

Stating that the interest in the altcoin market, along with Bitcoin, is strong in the first 6 months of 2024, the CEO reminded that the long-term potential is maintained.
Attention: this is not an investment advice.

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BREAKING NEWS

Another Giant Bitcoin Exchange Removes Turkish Language Support!
Gate.io also made critical decisions following the latest crypto regulations. Recently, crypto asset regulations were passed by the parliament and came into force by being published in the official gazette. Following this development, the giant cryptocurrency exchange Binance Global announced that it removed Turkish language support from its platform.

As of today, Gate.io, another popular crypto exchange, announced that they will remove Turkish language support on their platform. Here is the latest statement made by the Gate.io team on the subject:
As Gate.io, we follow the developments in Turkey closely.
We believe that the law regarding crypto assets will make positive contributions to the industry and our customers. As Gate.io, we are committed to full compliance with these legal regulations.
The new law includes important steps that will enable crypto assets to be traded more securely and transparently. In this context, we had to make some decisions in order to protect our customers' assets in a safer environment and to fully comply with the law.

Access to the Gate.io platform will continue to be open to people residing in Turkey. However, our following services will be stopped within 3 months.
Turkish language option on Gate.io will be disabled within 3 months.
Gate.io's advertising and marketing activities for people residing in Turkey will be terminated.

These Altcoins Can Be Pumped By Getting Listed From Binance.

Potential candidates for the next spot listings of Binance, the world's largest cryptocurrency exchange, have been announced. Here is That List!

An analyst known as killthewolf on social media analyzed Binance's spot altcoin candidates. Stating that Binance previously tended to list the projects it listed in Futures transactions in spot markets, the analyst noted that Toncoin (TON) and Ondo Finance (ONDO) are currently the biggest candidates.

Stating that these two altcoins came first in terms of transaction volume, the analyst ranked them separately according to market capitalization.

In this list, respectively, TON, Kaspa (KAS), Monero (XMR), ONDO, Bitcoin SV (BSV), ZetaChain (ZETA), EtherumPOW (ETHW), Myro (MYRO), Bigtime (BIGTIME), Rats (RATS), TokenFi ( TOKEN), Mavia (MAVIA), Orbs (ORBS).

These articles cannot be considered as investment advice. Each investment decision is under the individual's own responsibility.

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A Whale: Purchased a huge Pepe Meme Coin from Binance in 2 days

The cryptocurrency whale has purchased $13 million worth of Pepe meme coins in the last 2 days.

According to information received by the on-chain analysis platform Lookonchain, a cryptocurrency whale purchased 982.5 billion Pepe (PEPE) worth $13.6 million over the past 2 days. The post-whale PEPE purchase was made on May 23. The data noted that this whale received 390.5 billion PEPE worth around $5.54 million with the cryptocurrency exchange Binance.

The signals given by the USA for the approval of the spot Ethereum ETF have caused PEPE, which has an Ethereum base, to experience serious increases recently. It ranked 24th in the cryptocurrency market in terms of market value. PEPE, which has been on the rise in the last 24 hours in line with CoinGecko data, has started to be traded.

Investment worth $2.69 million

One of the early PEPE whales, the whale with the wallet address “0x647”, recently invested 250 billion PEPE worth $ 2.69 million in Binance, a cryptocurrency exchange. This whale made a profit of around $4.8 million from PEPE and currently still has 42.4 billion PEPE worth $424 thousand. According to CoinGecko data, it has increased in the last 24 hours.

What is written here has been created for informational purposes only. It cannot be considered as investment advice. Each investment decision is under the individual's own responsibility.

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Ethereum ETF approval could benefit them the most: here are 10 Tokens That Stand Out

The Ethereum ETF decision is approaching as the hours progress. The SEC will announce its decision on Thursday at the latest. If a possible approval results in a price increase in Ether, which cryptocurrencies could benefit most along with it? Correlation data can help answer this question.

Increasing signs that the SEC is inclined to approve ETF applications are positively impacting not only Ether but the entire market in general. Some cryptocurrencies diverge by experiencing sharper increases. It is no surprise that most of these are located in the Ethereum ecosystem. So, if the approval of Ethereum ETFs brings a price increase in Ether, which tokens would benefit the most? It can be helpful to look at correlation data, which shows how similar price movements between assets are.

Based on this, we examined the correlation of the 200 largest cryptocurrencies by market value with Ether. Price movements from past to present, the top 10 cryptocurrencies most similar to Ether were as follows:

ANT: 1.00

UNI: 0.99

METIS: 0.98

ENS: 0.96

BONK: 0.94

ETC: 0.94

PENDLE: 0.94

AAVE: 0.93

LRC: 0.93

1INCH: 0.93

The correlation coefficient varies between -1 and +1. +1 indicates perfect positive correlation, -1 indicates perfect negative correlation, and 0 indicates no correlation. In the example of cryptocurrencies, those with values ​​closest to 1 and 1 represent those that move most in line with the price of Ether.

Apart from the top 10, other tokens with high correlation are as follows:

MKR: 0.92

THETA: 0.91

LTC: 0.91

WOO: 0.92

AVAX: 0.90

RON: 0.90

ENJ: 0.90

SCL: 0.89

ARB: 0.88

INJ: 0.88

GPA: 0.88

CRV: 0.88

What is written here has been created for informational purposes only.
Each investment decision is under the individual's own responsibility. This Information cannot be considered as investment advice.

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Arthur Hayes purchased $500,000 of the cryptocurrency he has been praising for months.

Arthur Hayes, one of the founders of the BitMEX exchange, purchased Pendle, one of the projects he has praised for a long time. While Hayes received Pendle for 500 thousand dollars, the transactions were made through the company Wintermute.

Arthur Hayes made a new purchase from Pendle, which he had praised for a long time and also "buy-sold" from time to time. While Hayes received 500 thousand dollars of tokens, the investment was made through the Wintermute platform.
BitMEX founder and former CEO Hayes recently purchased 500 thousand dollars from this token. It is not known whether Hayes, who stated that he always loved trading, made his purchases in this sense for long or short term.

It costs $2…
With this purchase, the number of Pendle tokens that the famous trader holds reached 1.5 million. The average cost of Hayes in Token is 2 dollars, and his total profit is around 4.89 million dollars. The total value of Pendle held by Hayes is around 8 million dollars…
His last predictions came true

Hayes stated that he has great expectations from coins focused on artificial intelligence and data storage, apart from Pendle, and said: “I think artificial intelligence coins will also increase. As I said, we are just getting started. Artificial intelligence coins are generally data-oriented.

That's why I have high expectations from Filecoin. I already do mining in Filecoin. Pendle is one of the coins that I think will rise with the return system in this environment,” he said. This content is not investment advice.

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Top 5 recommended tokens to follow on Binance in May 2024 and related information.

1. **Bitcoin (BTC)**
- **Latest Price Movements**: Bitcoin's recent price movements show an overall upward trend.

- **Future Price Predictions**: Experts predict that the future price of Bitcoin will increase and could potentially reach $90,000 and above

2. **Ethereum (ETH)**
- **Recent Price Movements**: Ethereum has exhibited a fluctuating price movement recently, but it appears to be in an overall upward trend.

- **Future Price Predictions**: Predictions for Ethereum show that its price may increase in the coming years, reaching between $4,215 and $4,773.

3. **Floki Inu (FLOKI)**
- **Latest Price Movements**: Floki Inu's recent price movements have shown a significant increase, gaining 363.7% in value in the last 30 days.
- **Future Price Predictions**: Floki Inu is estimated to be traded between $0.000245 and $0.001164 in 2024

4. **Shiba Inu (SHIB)**
- **Latest Price Movements**: Shiba Inu's recent price movements indicate an overall upward trend
- **Future Price Predictions**: It is predicted that Shiba Inu may rise to 1926 dollars by 2024

5. **Dogecoin (DOGE)**
- **Latest Price Movements**: Dogecoin's recent price movements show an overall upward trend.

- **Future Price Predictions**: It is estimated that Dogecoin will be traded between $0.000210 and $0.000236 in 2024

6. **Saga (SAGA)**
- **Latest Price Movements**: Saga's recent price movements have shown an increase in its value over the last few days
- **Future Price Predictions**: It is predicted that Saga will be traded between $0.000625 and $0.001014 in 2030

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Will Bitcoin (BTC) Reach $200,000 in 2025? Famous Analyst Pointed to the Bitcoin Chart and Made a Statement Once Again.

Although Bitcoin (BTC) entered May with great expectations, it encountered disappointments and lost the vital support at $ 60,000. Not only that, it dropped to $56,000, creating big question marks.

It is said that this decline reminds the past among crypto market investors. It is wondered how this price movement may affect the expected post-halving rally.

Analyst's Bitcoin (BTC) Review

While all these developments were happening, cryptocurrency analyst Plan B shared his thoughts on the future of Bitcoin's price. He evaluated his views on the future of May in a YouTube video dated May 1.

PlanB first attracted investors' attention to its Bitcoin stock-to-flow model. He stated that Bitcoin closed slightly above this model. This level was at $60,000 last month.

This figure reveals a decrease of $10,000 compared to March.

Despite this, it should not be forgotten that Bitcoin experienced a 36% increase compared to January.

Attention: This is not an investment advice!!!

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BTC and XRP Coin Predictions from Artificial Intelligence for May 31!

Most of the cryptocurrency market continues to trade in the red. Leading crypto Bitcoin is struggling to avoid losing the critical $60,000.

Altcoins also witnessed sharp declines overall. As we start a new month, it is uncertain how long this negative atmosphere will continue. To give an idea, we looked at artificial intelligence's May 31 predictions for BTC and XRP Coin.

Artificial intelligence predicts Bitcoin price for May 31

As you follow from Kriptokoin.com, the first spot Bitcoin ETFs in Hong Kong did not meet expectations. After this, the Bitcoin price dropped to around $60,000. Moreover, artificial intelligence algorithms are also pessimistic for the coming month. AI doesn't predict Bitcoin's troubles will end in the next few weeks. Crypto analysis and prediction platform PricePredictions predicts that BTC will fall to $53,476.60 by May 31, 2024. This means that Bitcoin will drop another 11.51% at its current price.

XRP Coin price analysis

Currently, XRP Coin is trading at $0.49522. This indicates a decrease of 3.41% on the daily chart. Additionally, the altcoin lost 10.16% over the past week. Moreover, it experienced a more significant decline of 20.43% last month. Meanwhile, an analyst with the pseudonym Dark Defender recently noted that XRP is “on the verge of a big bounce” to $1.88 considering its previous behavior, but did not rule out the chance of breaking lower if it falls further towards the major support level at $0.4623.

Attention: this is not an investment advice

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$175 billion Bitcoin report from VanEck: Countries are holding it in .

VanEck company, which also has a Bitcoin spot ETF product, stated in its newly published report that it estimates that countries, private companies and foundations hold a total of $175 billion worth of Bitcoin. In the report, the value of Bitcoin held by countries was shown as 40 billion dollars.

VanEck investment company, known for its spot Bitcoin ETF product in the USA, published a report stating that there is a total of 175 billion dollars worth of Bitcoin in the hands of various ETFs, countries, listed and unlisted companies and various institutions around the world.

“The value of Bitcoin is better understood”
It was written in the report that many organizations, from asset management companies to hedge funds, better understand the value of Bitcoin and the following statements were used:

“Interest in Bitcoin among institutional investors is increasing. Hedge funds, asset management firms, donations and charities began to better understand the potential and value of Bitcoin. Approximately $175 billion worth of Bitcoin is currently held through ETFs, countries, and public and private companies.”

The $175 billion figure currently corresponds to approximately 15% of the Bitcoin supply.
Looking at the graph in the report, the BTC value held by countries is seen to be around 40 billion dollars.

So far, El Salvador has been the only country to officially declare that it holds Bitcoin in its reserves. The Latin American country declared Bitcoin as official currency alongside the US dollar in 2021.

“Bitcoin is accepted more than ever”

The company, which also has a spot Bitcoin ETF product in the USA and has managed to attract $600 million in investment to this fund so far, also stated in the report:
“Businesses and companies are now accepting payments in Bitcoin like never before,” he said.

Attention: This is not an investment advice!!!

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The Real Chaos Has Not Started on the Bitcoin (BTC) Front

Famous Analyst Shared the Doomsday Scenario

Bitcoin (BTC) is down 7% since the halving event.

This selling pressure stems from the expected data, especially in the USA.

Bitcoin (BTC) price may drop to $42,000, according to popular analyst.

After setting a new record around $73,835 on March 14, the Bitcoin (BTC) price has fallen more than 8% in a week and 12% in the last 30 days. The decline on the Bitcoin (BTC) front coincides with the lackluster response to the launch of spot Bitcoin and Ethereum exchange-traded funds in Hong Kong and rising fears of stagflation in the US.

Shocking Prediction for Bitcoin, (BTC)

Bitcoin (BTC) has exhibited unprecedented price movement in 2024, reaching all-time highs ahead of the halving event.

This has left market participants wondering whether the flagship cryptocurrency has reached its peak. Currently, the Bitcoin price is trading 17% below its all-time high and has fallen 7% since the halving event on April 20.

Referring to Glassnode data showing that the profit realized when Bitcoin reached its all-time high on March 14 jumped to $ 3.52 billion, the Analyst noted that similar levels were observed in the 2021 bull market. The investor said the short-term holder of Bitcoin is waiting for another confirmation that includes a sustainable close below its realized price before calling the market top.

In Bitcon, (BTC), if this scenario comes true, there is a high probability of chaos in the market. Let's see if this scenario will hold up.

Attention: This is not an investment advice

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The SEC, the organization that oversees US securities and exchanges, has crashed into the Cryptocurrency markets like a nightmare.

The SEC has been escalating its violence for over 3.5 years. From the announcements it makes to the hours it spends in its courtrooms, the US securities regulator has made crypto a key part of its business. It may even be possible for it to evolve into a standalone crypto regulator. But in this case, he needs to prepare rules regarding crypto, which Gensler does not want to worry about.

SEC and Ethereum (ETH)
We know about the lawsuit Consensys filed with the United States Securities and Exchange Commission. The event that marked last week was related to the largest company in the Ethereum ecosystem being directly targeted by the SEC. According to Fox Business reporter Eleanor Terret, the SEC and the head of the institution, Gensler, think that Ether has been a security for at least 1 year.

SEC Chairman Gensler supports putting Bitcoin and Ethereum under CFTC oversight
The Reason for the Decline in the Crypto Market
The valuation of the cryptocurrency market began to decline following the Depository Trust Company's (DTC) decision not to recognize crypto-linked exchange-traded funds as collateral for line of credit facilities.

Cryptocurrency investors began to become overly cautious after the poor performance of the US economy against constant inflation in the first quarter of 2024. This disappointing data may cause the US Federal Open Market Committee to pursue a higher interest rate policy at its meeting on May 1, which may cause concern for both investors and institutional investors in risky assets such as crypto in the near future.

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When Will Bitcoin (BTC) Reach $95,000? Will Bitcoin (BTC) Price Rise?

BTC, which has established lower resistance levels as a result of the ongoing negativity for weeks, manages to hold on above $ 60,000. Based on the current outlook, is the $95,000 target a dream?

Will Bitcoin (BTC) Price Increase?

Even during the exciting days of bull markets, the Bitcoin price can experience significant declines. BTC, which had a great first quarter, is now experiencing one of these declines. The price, which dropped below $60,000, managed to maintain the important support level. Barring much larger losses for now, the bulls are far from new highs as $65,000 turned into resistance.

Predictions About Bitcoin Reaching $95,000

It is difficult to make an accurate prediction on when Bitcoin will reach $95,000. The price can be affected by various factors, such as:

General market conditions: Economic uncertainty or changes in risk appetite may affect the price of Bitcoin.

Regulations: Government regulations on cryptocurrencies can impact investor interest and adoption.

Technology developments: Improvements to Bitcoin infrastructure or the development of new blockchain-based applications may affect the price.

Whale activity: Trading by large Bitcoin holders (whales) can significantly affect the price.

Some analysts predict that Bitcoin could reach $95,000 in late 2024 or 2025. However, this is just an estimate and it is possible that the price may be lower or higher.

Before investing in Bitcoin, it is important to do your research and understand the risks. Since it is an asset with high price volatility, it is recommended that you do not risk all your money.

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Whales on the Move in Ethereum (ETH)! Leveraged Transactions Are Increasing in Altcoin!

With the activity of whales in the Ethereum (ETH) market and the increase in leveraged transactions in the altcoin, there are remarkable developments in the cryptocurrency world.

Movement of Whales on Ethereum

Ethereum is a cryptocurrency known for its pioneers in blockchain technology and smart contracts. Recently, whales, investors who hold large amounts of Ethereum, have started making significant moves in the market. This activity can often lead to changes in market dynamics.

Increase in Leveraged Transactions

Leveraged transactions allow investors to trade above their available capital. The increase in leveraged transactions in Ethereum can be interpreted as an indicator of investors' confidence in ETH. However, such transactions involve high risk and may increase market volatility.

Market Effects

The increase in whales and leveraged transactions may cause fluctuations in Ethereum prices. Investors and market observers try to predict market trends by closely following such movements.

Expert Opinions

Experts interpret the effects of whales' movements on the market in various ways. While some argue that these movements are necessary for a healthy market functioning, others warn that they may lead to excessive speculation.

Conclusion

The increase in transactions with the mobility of whales in Ethereum is important in the cryptocurrency market. It is important for investors to be careful about such developments and not to ignore risk management.

It has been prepared to provide information about the latest developments in the Ethereum market. It should not be considered as investment advice. It is recommended that each investor conduct his or her own research and seek professional advice.

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20 zombie token warnings from Forbes for Cryptocurrency All speculative

Forbes researchers categorized 20 cryptocurrencies, including XRP, ADA, BCH, LTC and ETC, into the zombie category. It was claimed that these cryptocurrencies and blockchains continued their existence thanks to speculative transactions.

US media Forbes categorized some blockchains as zombies. Among them, there are leading projects of the cryptocurrency market such as XRP, ADA, LTC and ETC.

In the published comprehensive analysis, the Ripple network for XRP is largely useless, but XRP still has a market cap of $36 billion. Ripple Labs is in the crypto zombie category.

Stable coins such as USDT were cited as examples.

It was stated that Tezos (XTZ), Algorand (ALGO) and Cardano (ADA), which were developed as alternatives to Ethereum, did not see significant adoption and use.

Analysts stated that some blockchains continue to exist due to the popularity of their founders, citing Cardano as an example. "The analysis points out that Cardano was launched in 2017 after its co-founder Charles Hoskinson had a disagreement with Ethereum's co-founder Vitalik Buterin, and the speculative interest in Cardano is mainly due to the fame of its founder." It was said.

All of the projects that Forbes classifies as zombies are as follows:

XRP (XRP)

Phantom (FTM)

Cardano (ADA)

Monero (XMR)

Bitcoin Cash (BCH)

Arweave (AR)

Litecoin (LTC)

Algorand (ALGO)

Internet Computer (ICP)

Flow

Ethereum Classic (ETC)

MultiversX (EGLD)

Stellar (XLM)

Bitcoin SV (BSV)

Stacks (STX)

Mina (MINA)

Kaspa (KAS)

Tezos (XTZ)

Theta (THETA)

EOS (EOS)

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From the Swiss National Bank
Bitcoin (BTC) Explained

The Swiss National Bank (SNB) is skeptical about the idea of ​​investing in Bitcoin.

According to the statements made by Swiss National Bank President Thomas Jordan, the central bank has not yet made a clear decision on investing in Bitcoin.

central bank president,
We have not yet made a decision on whether we want to invest in Bitcoin or not.
“There are good reasons for this,” he said.
Jordan, Currency reserves are international payments.
They must be liquid. "They must be sustainable and we must be able to sell and buy them," he said.

Some cryptocurrency supporters in Switzerland want the central bank to invest in Bitcoin.
The Swiss Central Bank also thinks this way.

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$BTC
Is Bitcoin About to Repeat the 2020 Rally? Here's the Target Level!

Recently, the Bitcoin price has become a matter of great curiosity for many investors and analysts.

TechDev, one of the widely followed analysts, believes that Bitcoin (BTC) is poised for a parabolic rise despite recent price declines. According to TechDev's analysis, conditions on Bitcoin's two-month chart suggest that BTC is almost ready to witness a price explosion.

According to TechDev's evaluation, Bitcoin's recent price chart bears similarities to previous major uptrend periods. In particular, Bitcoin rose from $ 13,000 to over $ 29,000 in just two months towards the end of 2020, and the analyst points out that a similar explosion may occur. Accordingly, Bitcoin may increase by more than 120% and reach 140 thousand dollars.

TechDev noted that Bitcoin's current state includes the conditions that led to the last three parabolic accelerations. In particular, the squeeze on Bitcoin's two-month candle chart and the subsequent high transaction volume support this view. In addition, the analyst states that indicators such as the relative strength index (RSI) tend to break the 70 level and emphasizes that this situation may support the rise of Bitcoin in the coming period.

Please note that careful consideration should be given before making any investment decisions. These are merely analysts' opinions and do not necessarily reflect reality.

Attention: This data is not investment advice.

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